Stocks News

Citigroup has nominated four new independent directors to its board in the latest move to toughen up the bank's oversight.

U.S. bank stocks, which had their best week on record last week, powered higher amid optimism they can soon return to profitability, only to give back their gains after American Express Co said more credit card ...

Alabama National Guard officials say the actor best known as "Borat" posed as a German journalist and tricked them into giving him a uniform and briefly allowing him to go through training.

The US government is seeking to seize more than 90 million dollars in cash and bonds, homes, yachts and a grand piano belonging to disgraced Wall Street financier Bernard Madoff and his wife, prosecutors said ...

Analysis and discussion with Russell Jones from the Royal Bank of Canada.

Asian stocks rose, led by financial companies and automakers, as Group of 20 finance ministers vowed to combat the global recession and OPEC refrained from cutting output quotas to bolster economic growth.

Investors buoyed by comments on the economy from Federal Reserve Chairman Ben Bernanke sent stocks mostly higher Monday.

MUMBAI: Indian equities markets slipped marginally into red shortly before noon Monday, after positive global bourses had helped a key index start trade in the green.

Asian stock markets advanced for a second day Monday, with Tokyo's index up nearly 2 percent, on cautious optimism that government pledges to heal the financial system and spur growth will reinvigorate the flagging world economy.

Still, erratic trade through most of the session outside the region's two biggest markets _ Japan and Hong Kong _ reflected lingering uncertainty after a rally last week triggered by upbeat news about Citigroup and other top U.S. banks.

In Japan, financial stocks surged on reports the country's central bank may buy their subordinated loans and bonds to bolster their capital. Helping easing fears about banks were promises over the weekend from finance ministers of Group 20 nations to do 'whatever is necessary' to fix the global economy and restore a shaky financial sector still reeling from losses on bad assets.

Asian stock markets were mostly higher Monday, with Tokyo's index up nearly 2 percent, on cautious optimism that government pledges to spur growth and heal the financial system will reinvigorate the flagging world economy.

Still, lackluster trade outside of the region's two biggest markets _ Japan and Hong Kong _ reflected investor uncertainty after last week's rally that was spurred by upbeat news about Citigroup and other top U.S. banks.

In Japan, financial stocks surged on reports the country's central bank may buy their subordinated loans and bonds to bolster their capital. Also buoying optimism about financials were promises over the weekend from finance ministers of Group 20 nations to do 'whatever is necessary' to fix the global economy and restore a shaky financial sector still reeling from losses on bad assets.